To attract homebuyers during the pandemic, a real estate developer from South India, Akshaya Pvt Ltd, has announced a medical insurance scheme up to Rs 20 lakh that provides a COVID-19 cover for all new customers.
The medical insurance scheme is valid for three years and the premium amount would be paid by the developer upfront. It is expected to cover a family of four, including two adults and up to two children, the company said.
The total cover will be divided into three slabs of Rs 10 lakh, 15 lakh and 20 lakh. The insurance scheme will be applicable to all customers who purchase a home from the company’s ongoing projects in the month of August 2020.
“At Akshaya Pvt Ltd, safety and health of our customers have always been of utmost significance to us. Through our insurance scheme, we want to ensure that our customers and their families are fully insured and covered during these difficult times. We wish to provide a safe and healthy living environment for the homebuyers with complete peace of mind,” said T Chitty Babu, chairman and CEO, Akshaya Pvt Ltd.
The company had announced a few months ago that it was considering incorporating quarantine rooms in apartments, along with rooms with an office-like feel.
It is also credited with Tamil Nadu’s first themed homes project Akshaya Orlando, an official tie-up with Walt Disney and has launched 200 IKEA-furnished homes in Chennai.Moneycontrol had reported earlier that real estate builders would have to think innovatively to generate cashflows in COVID-19 times. While some builders may promise a price guarantee option to boost sales, others may decide to offer a Corona insurance for the entire family.